North America
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A California ruling could set an important precedent as other courts consider similar cases. -
Concern over rate adequacy remains, but reinsurers are delving deeper into data rather than walking away.
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The reinsurance veteran joins from Artex Risk Solutions.
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Everest is in the process of transforming its ILS offering.
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Overall, reinsurers accepted that rate cuts were still leaving them with strong margins.
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The company has been buying out Omers’ shares since 2015.
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The state insurer is budgeting for an extra 43% of overall coverage in 2025-26.
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TSR anticipates that next year will see an ACE value of 129 compared with the 30-year norm of 122.
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The state reinsurer of last resort discussed options for 2025 reinsurance buying strategy.
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James Drinkwater is to serve as vice chair and executive chairman at Amwins Global Risks.
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It estimated insured losses from nat cats on track to exceed $135bn in 2024.
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